Questions

Q:

Choose the option that best captures the essence of the text.
Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.

A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them. B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them. D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
 
Answer & Explanation Answer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.

Explanation:

The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: CAT , GRE , TOEFL

0 1037
Q:

Which one of the following is a good electrical conductor?

A) Graphite B) Diamond
C) Peat D) Charcoal
 
Answer & Explanation Answer: A) Graphite

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

2 1037
Q:

The Maximum City: Bombay Lost and Found was written by _____________.

A) Vikram Seth B) Suketu Mehta
C) Upamanyu Chatterjee D) Arundhati Roy
 
Answer & Explanation Answer: B) Suketu Mehta

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Books and Authors
Exam Prep: Bank Exams

1 1037
Q:

Pannalal Ghosh played which of the following musical instruments?

A) Flute B) Sitar
C) Violin D) Santoor
 
Answer & Explanation Answer: A) Flute

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Famous Personalities

0 1037
Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

 

To sweep over something so as to surround it completely.

A) engulf B) imbibe
C) drown D) plunge
 
Answer & Explanation Answer: A) engulf

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1037
Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence in Passive/Active Voice.

Why did your mother write such a book?

A) Why was such a book written by your mother? B) Why is such a book written by your mother?
C) Why your mother wrote such a book? D) Why was such a book wrote by your mother?
 
Answer & Explanation Answer: A) Why was such a book written by your mother?

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1037
Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

A) Litegants B) Litigents
C) Litigants D) Litegents
 
Answer & Explanation Answer: C) Litigants

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1036
Q:

Iron and manganese present as pollutants in water cannot be removed by_____

A) oxidation followed by settling and filtration B) chlorination
C) ion exchange process D) lime soda process or manganese zeolite process
 
Answer & Explanation Answer: B) chlorination

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

0 1036